Angkor Reports Additional High-Grade Samples with up to 70.7 G/T GOLD from Selected Samples from Its Andong Meas Property
ANGKOR REPORTS ADDITIONAL HIGH-GRADE
SAMPLES WITH UP TO 70.7 g/t GOLD FROM
SELECTED SAMPLES FROM ITS ANDONG MEAS
PROPERTY
TORONTO, ON, (August 26, 2020): Angkor Resources Corp. (TSXV: ANK and OTC: ANKOF)
(“Angkor” or “the Company”) CEO Stephen Burega is pleased to report on the continuation of
a mapping and sampling program on its 100% owned Andong Meas property.
Highlights
• Additional high-grade samples with up to 70.7 g/t gold from selected samples from our
Andong Meas property;
• The samples also occur in clusters suggesting several different vein segments over a
north to south distance of about 700 meters; and
• Angkor is planning a trenching/auger/pit program followed by a detailed surface program
focusing on the mineralization. Once completed , a +1000m diamond drill progra m is
planned to determine the host rock as well as the style, size, number and character of the
gold veins.
“The high-grade samples occur in clusters suggesting several different vein segments over a
distance of about 700 meters, in a northwest trend,” stated VP Exploration Dennis Ouellette. “We
are planning a diamond drill programme to test the potential high-grade gold mineralization zones.
The abundance of and high-grade nature of the quartz float samples is very encouraging.”
“Andong Meas is tectonically located in the southwestern segment of the large Yanshanian
magmatic belt that hosts several world- class epithermal and porphyry systems including the
Zijinshan gold- copper mine that is a core asset of Zijin Mining Company,” Dr. Kaihui Yang said.
“The high grade gold mineralization found so far in Andong Meas has the characteristic of an
epithermal gold system that could sit on a porphyry system underneath.” Dr. Yang is the technical
advisor for Angkor Gold, and has visited the Andong Meas property.
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Assay Results
Wild Boar Samples
Summary August 2020
Sample ID Sample Position Au gpt
V035514 Float 70.7
WB-05 Float 55.4
WB-06 Float 46.9
V035608 Float 20.6
V035609 Float 19.45
V035607 Float 17.65
V035612 Float 17.6
WB-04 Float 17.15
V035508 Float 9.56
V035604 Artisanal Pit 9.24
WB-01 Float 9.09
WB-02 Float 8.69
V035603 Artisanal Pit 8.55
1621253 Float 6.53
1575895 Artisanal Pit 6.48
1575892 Artisanal Pit 6
V035502 Float 4.74
V035605 Float 3.98
V035522 Artisanal Pit 3.36
WB-03 Float 3.08
The list of samples above are selected samples and are not necessarily representative of the
mineralization hosted on the property.
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Float Sample – Sample ID: V035514 – 70.7 gpt
AU
Float Sample – Sample ID:
035612 – 17.6 gpt AU
Float Sample – Sample ID:
035609 – 19.45 gpt AU
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PROPOSED WORK PROGRAMME
• Detailed surface mapping program along with an auger and trenching program covering
the entire area at Wild Boar consist ing holes with a 25 meter sample spacing and a 50
meter line spacing. Pit testing will also be included in the program to further test the depth
of the bedrock.
• 10 km of IP (Induced Polarization). Pole dipole array with 10m dipoles to achieve a depth
of 500m while retaining horizontal resolution.
• A +1,000m diamond drill program will test the primary anomalies or mineralization zones,
as may be indicated by the auger and pit/trenching programs and by the detailed mapping
program.
• Once the vein is intercepted, subsequent drill holes would be designed for further
intercepts either down dip or along strike.
Float Sample – Sample ID:
035608 – 20.6 gpt AU
Float Sample – Sample ID:
035607 – 17.65 gpt AU
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PREVIOUS WORK
Over the previous years, Angkor has worked portions of the Andong Meas tenement but much of
the property has yet to be fully explored. There are several target areas already defined on the
license including the Canada Wall and South Creek porphyry copper moly gold systems, the
Colonial and Wild Boar epithermal gold systems and a number of less well defined gold targets
surrounding the porphyry centres.
The entire license area (187 KM 2) has been the subject of an aeromagnetic survey, satellite
imagery geological interpretation, with reconnaissance field truth mapping and multi -element
stream sediment geochemical survey.
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The Wild Boar prospect was form erly an area of intensive artisanal workings on several
subparallel epithermal veins. In addition to the gold bearing quartz veins, skarn alteration on the
contact between granites and marbles in the area was observed.
SAMPLE METHODOLOGY
Angkor maintains a rigorous sample quality control and assurance protocol, with the customary
insertion of blanks and standards, cross-checking and duplicate analysis, retention of all saw-split
cores and sample pulps at their gated and fenced secure facility in Banlung. Analysis for
publication are all done by accredited third party laboratories, usually ALS -Chemex in Vientiane
or Perth, by SFA and AAS finish for gold, or ICP -MS for base metals In- house geochemical
analysis of soil and termite mound samples are done at the company’s Banlung laboratory by
XRF for base metals and by panning for qualitative gold detection.
Angkor’s QA/QC protocol requires calibration standards and blanks be inserted at a rate of 10 per
100. In addition, periodic checks are run on a selected spectrum of samples at ALS -Chemex
laboratories. All soil and rock samples are submitted to ALS Mineral -Australian Laboratory
Services (Cambodia) Co. Ltd for preparation in Phnom Penh, and gold analyses are done by ALS
by standard fire assay in their Vientiane laboratories. All other analyses are by Aqua Regia
digestion with ICP-AES/ICP-MS (51 element ME-MS41 package) in their Australian laboratories.
Initial assays use their Au- ICP22 method of standard fire assay with an ICP -Atomic emission
spectrometry finish on a 50gm aliquot, which has a detection range of 0.001 to 10 g/t. Check
assays use the Au -AA26 method of standard fire assay with an ICP -Atomic absorption
spectrometry finish again on a 50gm aliquot, which has a detection limit of 0.01 to 100 g/t.
Dennis Ouellette, B.Sc, P.Geo., is a member of The Association of Professional Engineers and
Geoscientists of Albert a (APEGA #104257) and a Qualified Person as defined by National
Instrument 43-101 (“NI 43-101”). He is the Company’s VP Exploration on site and has reviewed
and approved the technical disclosure in this document.
ABOUT ANGKOR RESOURCES CORP.
Angkor Resources Corp. is a public company, listed on the TSX -Venture Exchange, and is a
leading mineral explorer in Cambodia with a large land package . The Andong Meas property is
187 KM2 in size, and the Company owns 100% of the high- potential property. In 2019 , the
company received approval to negotiate Production Sharing Contract (PSC) terms for Block VIII,
a 7,300 square kilometre oil and gas license in Cambodia.
CONTACT:
Stephen Burega, CEO
Telephone: +1 (647) 515-3734
Email: [email protected]
Website: http://www.angkorgold.ca or follow us on Twitter @AngkorGold
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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Forward Looking Information
This news release includes certain statements that constitute “forward-looking information or statements” within the
meaning of applicable securities laws, including without limitation, statements relating to the technical, financial and
business prospects of the Company and its properties, and other matters.
Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates
and assumptions. These statements relate to analyses and other information that are based on forecasts of future results,
estimates of amounts n ot yet determinable and assumptions of management. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future
events or performance (often, but not always, us ing words or phrases such as “expects” or “does not expect”, “is
expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions,
events or results “may”, “could”, “would”, “might” or “will” be taken, o ccur or be achieved), and variations of such
words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-
looking statement are necessarily based upon a number of factors that, if untrue, could cause t he actual results,
performances or achievements of the Company to be materially different from future results, performances or
achievements express or implied by such statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and the environment in which the Company will operate
in the future, including the price of metals, anticipated costs and the ability to achieve goals, that general business and
economic conditions will not change in a material adverse manner, that financing will be available if and when needed
and on reasonable terms, and that third party contractors, equipment and supplies and governmental and other
approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and
in a timely manner . While such estimates and assumptions are considered reasonable by the management of the
Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and
risks.
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